Utica, MI Mortgage Refinance in Michigan
We make it easy to get the lowest mortgage refinance interest rate in Utica, MI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Utica, MI residents can be on the way to a lower interest rate, a lower monthly payment, or switching from an adjustable rate mortgage to a fixed rate mortgage.
When Should I Refinance?
The best time to refinance is when interest rates in Utica, Michigan drop below the rate of your current mortgage. With a lower interest rate, you'll save money on your mortgage payment every month. Be sure to read our article titled Reasons to Refinance Now.
Turn Your Adjustable Rate into a Fixed Rate
With adjustable rates on the rise Utica, MI residents can benefit greatly from refinancing your home for a low fixed rate. These benefits include a lower monthly mortgage payment, and the security of knowing your mortgage payment won't increase.
Cash-Out Refinancing
Using the equity in your home, you can refinance your mortgage for a higher amount than your current principal balance and receive the extra funds as cash. You can use this money however you would like, including, remodeling your home, paying off high-interest rate credit cards, paying off student loans, or consolidating all your debt. How much cash out you can receive by refinancing depends largely upon the principal balance remaining on your mortgage and the amount of equity in your home.
Eliminate PMI
Private Mortgage Insurance is usually required if your downpayment on your home was less than 20 percent. If your home equity has increased since your purchase, you may have enough equity to elimate that PMI payment by refinancing your mortgage.
Save Thousands in Interest
When you refinance your home you can decide to switch your mortgage to a shorter term, such as 10, 15, or 20 years. Depending on how much lower the refinance rate is, you will likely pay more per month for this shorter term home loan. However, in the long-term you are saving thousands in interest. And because more of your monthly mortgage payment goes towards the principal, your home equity will increase much quicker.
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Mortgage Refinance Calculators
Mortgage Payment Calculator
Refinance Savings Calculator
Refinance APR Calculator
Refinance Points Calculator |
Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of MI
| Utica, Michigan News |
Today's decisions: Council to discuss fines for residents who don't clear sidewalks
MT. CLEMENS: The City Council is to meet at 7 tonight to discuss fines for residents who don't shovel snow and ice from their sidewalks.
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Macomb Co. principal fired for indecent exposure
The Capac Elementary School principal has been fired after pleading guilty to indecent exposure in Macomb County.
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Santa Claus is coming to township, city
Deck the halls, roast the chestnuts and haul out the holly. Christmastime is coming to Shelby Township and Utica again.
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Utica Community Schools announces spending freeze
In response to the deepening economic crisis in Macomb County and the state of Michigan, the Utica Community Schools has announced a freeze on all nonessential spending, effective immediately.
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Elderly Man Missing After Thanksgiving Dinner
Police need help locating a missing 86-year-old man. Utica Police say the man disappeared after spending Thanksgiving with his family at 11 Mile and Ryan.
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Black Friday or bust
It's 3:10 a.m., and the parking lots along M-59 that would usually be dark and dead until well after dawn are already showing signs of life.
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Happening in your community: Entries for holiday decor contest due Monday
Nominations for Troy's Best Holiday Decorated Homes contest are due by Monday. People can nominate themselves or other residents by e-mailing cindy.stewart@troymi.gov ; writing Cindy Stewart, 500 W. Big Beaver, ...
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Principal Fired For Indecent Exposure Conviction
A Capac Elementary School principal was fired after the district found out he pleaded guilty to indecent exposure in Macomb County.
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School principal fired
David Rees, 62, pleaded guilty Sept. 30 to the misdemeanor charge stemming from a June 17 incident at Heritage Park in Utica.
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MAC doles out All-Conference honors following season
The top boys soccer players in the Macomb Area Conference's five divisions were recently honored as All-Conference selections, with Most Valuable Players and Coach of the Year winners chosen, as well.
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Club teaches how to build relationships
On a Wednesday afternoon at Utica's Eppler Junior High School, several students sit in the media center nearly an hour after school has already been dismissed for the day.
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Happening in: Sterling Heights, Farmington Hills, Detroit
Network with legislators and the business community today during the Legislative Network & Learn event sponsored by the Sterling Heights Area Chamber of Commerce.
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Business bright for new thrift, dollar stores
Even before the holiday shopping season officially began, the parking lot was consistently packed in front of the Salvation Army's new store on Van Dyke Avenue at 23 Mile Road.
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Happening in your community: Santa to attend holiday tree lighting Wednesday
Harrison Township is to light its holiday tree at Rosso Memorial Hall on Wednesday.
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One for the books
When many people think of the city of Utica, they picture a small city surrounding a portion of M-59, landlocked between the much larger municipalities of Sterling Heights and Shelby Township.
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Benefit concert to raise funds for suicide prevention
Several local bands and guest speakers will unite at the Mirage Banquet Center in Clinton Township on Nov.
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Veterans Day events
CLINTON TOWNSHIP: Resurrection Cemetery, 18201 Clinton River Road, is to debut "Field of Honor" to honor fallen military men and women from Michigan at 1 p.m. Tuesday.
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Area events to mark Veterans Day
CLINTON TOWNSHIP: Resurrection Cemetery, 18201 Clinton River Road, is to debut Field of Honor to honor fallen military men and women from Michigan at 1 p.m. Tuesday.
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Macomb County news briefs: Old computers to be collected
The Macomb County Health Department is collecting old computer equipment today to help keep chemicals from seeping into the ground.
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Calendars for a cause
Each year thousands take to tracks throughout the United States for a 24-hour walk to raise funds for cancer research and prevention.
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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